Analysts Set ZTO Express (Cayman) Inc. (NYSE:ZTO) PT at $24.53

ZTO Express (Cayman) Inc. (NYSE:ZTO) has been given a consensus rating of “Hold” by the five ratings firms that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $24.53.

A number of equities analysts have recently weighed in on ZTO shares. StockNews.com upgraded ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research note on Tuesday, January 14th. HSBC cut shares of ZTO Express (Cayman) from a “buy” rating to a “hold” rating and lowered their price target for the stock from $28.00 to $20.00 in a report on Tuesday, January 21st. Finally, Hsbc Global Res cut shares of ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st.

Institutional Trading of ZTO Express (Cayman)

A number of institutional investors have recently modified their holdings of ZTO. Point72 DIFC Ltd bought a new position in ZTO Express (Cayman) in the third quarter worth about $26,000. Van ECK Associates Corp raised its stake in ZTO Express (Cayman) by 60.8% in the third quarter. Van ECK Associates Corp now owns 1,825 shares of the transportation company’s stock worth $46,000 after buying an additional 690 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of ZTO Express (Cayman) during the third quarter valued at approximately $46,000. Blue Trust Inc. increased its stake in shares of ZTO Express (Cayman) by 119.8% during the fourth quarter. Blue Trust Inc. now owns 5,061 shares of the transportation company’s stock valued at $99,000 after purchasing an additional 2,758 shares in the last quarter. Finally, Confluence Investment Management LLC increased its stake in shares of ZTO Express (Cayman) by 14.8% during the fourth quarter. Confluence Investment Management LLC now owns 10,282 shares of the transportation company’s stock valued at $201,000 after purchasing an additional 1,326 shares in the last quarter. 41.65% of the stock is currently owned by hedge funds and other institutional investors.

ZTO Express (Cayman) Stock Up 3.0 %

NYSE ZTO opened at $19.99 on Friday. The stock has a fifty day simple moving average of $19.34 and a 200 day simple moving average of $20.98. ZTO Express has a twelve month low of $17.89 and a twelve month high of $27.50. The company has a market capitalization of $12.08 billion, a price-to-earnings ratio of 13.78, a PEG ratio of 1.03 and a beta of -0.13.

About ZTO Express (Cayman)

ZTO Express (Cayman) Inc provides express delivery and other value-added logistics services in the People's Republic of China. It offers freight forwarding services; and delivery services for e-commerce and traditional merchants, and other express service users. The company was founded in 2002 and is headquartered in Shanghai, the People's Republic of China.